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CapFort sets ₹200 cr target for debut fund
Mint Mumbai
|July 13, 2023
CapFort Ventures, a micro-venture capital firm, is set to launch its maiden fund aimed at supporting early-stage startups.
The fund aims to raise ₹200 crore, with a green shoe option of 100 crore. It aims to hit the first close by the end of this calendar year.
Capfort was started by Abhimanyu Bisht, the former chief executive officer of startup incubator and early-stage venture capital firm Venture Catalysts.
Capfort has received approval from the Securities and Exchange Board of India (Sebi) to float the fund, Bisht said in an interview. He said the firm has already commenced fundraising activities.
"In terms of LPs (Limited Partners), we will primarily raise funds from domestic investors such as family offices, ultra-high-net-worth individuals, and institutions," Bisht said.
This story is from the July 13, 2023 edition of Mint Mumbai.
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